Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»EXCHANGE NEWS»Litecoin Price Prediction: LTC Rises 10% as Bulls Target $110.
EXCHANGE NEWS

Litecoin Price Prediction: LTC Rises 10% as Bulls Target $110.

By Crypto FlexsDecember 2, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Litecoin Price Prediction: LTC Rises 10% as Bulls Target 0.
Share
Facebook Twitter LinkedIn Pinterest Email

Litecoin price is rising above $90 against the US dollar. LTC could rise above $100 and head towards the $110 resistance.

  • Litecoin is steadily rising towards $100 against the US dollar.
  • The price is currently trading above $90 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the LTC/USD pair (data feed from Kraken), a breakout occurred above the main bearish trendline with resistance near $86.20.
  • The price could rise further to the $100 and $110 levels.

Litecoin price gains strength again

After forming a base above the $80 level, the price of Litecoin began a new rise against the US dollar. LTC price has now broken the $85 resistance level to start a rally.

On the 4-hours chart of the LTC/USD pair, a breakout occurred above the main bearish trendline with resistance near $86.20. The pair rose more than 10% and outperformed both Bitcoin and Ethereum. It even rose to the $92 level. A high was formed near $95.85 and the price is consolidating gains above the 23.6% Fib retracement level rising from the $81.70 swing low to the $95.85 high.

Litecoin is currently trading above $90 and the 100 simple moving average (4-hours). On the other hand, immediate resistance is near $96. The next major resistance is near the $100 level. If there is a clear break above the $100 resistance, the price could begin a strong rise once again.

Source: TradingView.com LTCUSD

As stated, the price is likely to continue higher towards the $108 and $110 levels. Any more profits could push the price of LTC towards the $120 resistance area.

Are Dips limited in LTC?

If Litecoin price fails to clear the $100 resistance level, there may be a downward correction. Initial support for the downside is near the $92 level.

The next major support is formed near the $88.50 level or the 50% Fib retracement level in the rise from the $81.70 swing low to the $95.85 high, below which there is a risk of a move towards the $85.00 support. Any further losses could push the price towards the $82 support level.

Technical indicators:

4-Hour MACD – MACD is now pacing in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for LTC/USD is above the 50 level.

Key support levels – $92.50 followed by $88.50.

Key resistance levels – $96.00 and $100.00.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors are the main level of support of the eyes.

June 6, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The price is farther, and the investor of EDGE

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025
Most Popular

Ethereum Network Revenues Plummet 99%, ‘Death Spiral’ Concerns Spread

September 5, 2024

Can Ethereum Reach $4,000? Crypto analyst says ETH rally is not over yet

February 27, 2024

Hard Fork No. 4: Spurious Dragon

March 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.